---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-455539"
form_type: "8-K"
ticker: "AKAM"
cik: "0001086222"
company_name: "AKAMAI TECHNOLOGIES INC"
filed_at: "2026-11-10T21:23:59+00:00"
generated_at: "2026-11-10T21:25:04.037326+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Akamai prices $2.2B of 1.00% convertible notes; conversion premiums of 40.0% and 27.5%

## Summary
- $1.1B of 1.00% convertible senior notes due Nov 15, 2028 and $1.1B due Nov 15, 2031; $150M option on each series; closing expected Nov 12, 2026.
- 2028 notes conversion price ~$112.41 (40.0% premium to $80.29 close on Nov 9, 2026); 2031 notes ~$102.37 (27.5% premium), 9.7685 shares per $1,000.
- Net proceeds estimated at ~$2,164.2M, or ~$2,459.7M if purchasers exercise options in full; ~$250.3M earmarked for convertible note hedge costs, partly offset by warrant sales.
- Proceeds to repay a portion of the $1.15B 0.375% convertible notes due Sept 1, 2027 and to fund Cloud Infrastructure Services capex, remainder for general corporate purposes.
- Senior unsecured; interest payable semi-annually May 15 and Nov 15 beginning May 15, 2027; holders may require repurchase at 100% of principal on a fundamental change.

## SEC filing metadata
- accession: 0001193125-26-455539
- form_type: 8-K
- ticker: AKAM
- cik: 0001086222
- company_name: AKAMAI TECHNOLOGIES INC
- filed_at: 2026-11-10T21:23:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086222/000119312526455539/0001193125-26-455539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086222/000119312526455539/d51061d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-455539
- JSON: https://secwatch.observer/filing/0001193125-26-455539.json
- Plain text: https://secwatch.observer/filing/0001193125-26-455539.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.